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TNDM

TNDM

12:03
06/12/17
06/12
12:03
06/12/17
12:03

Tandem Diabetes announces approval of IDE for trial

Tandem Diabetes Care announced the approval of an Investigational Device Exemption, or IDE, for its pivotal trial. The company also announced that it presented results from a feasibility study for its predictive low glucose suspend algorithm, designed to suspend insulin delivery when low blood sugar is predicted. "The results from this feasibility study are very encouraging. The IDE for our pivotal trial, which will use the predictive low glucose suspend algorithm on a t:slim X2(TM) Pump with Dexcom G5 Mobile CGM integration, was approved by the FDA in May, and we look forward to starting enrollment soon. Our goal remains to submit our t:slim X2 Pump with predictive low glucose suspend to the FDA later this year, and we continue to plan for launch of this product in early 2018, subject to FDA approval," said Kim Blickenstaff, president and CEO of Tandem.

TNDM TNDM

11/03/16
PIPR
11/03/16
DOWNGRADE
Target $2.5
PIPR
Neutral
Tandem Diabetes downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Brooks West downgraded Tandem Diabetes (TNDM) to Neutral with a $2.50 price target following the Q3 miss citing low visibility and increased competitive headwinds from Medtronic's (MDT) 630G/670G launch.
03/24/17
RILY
03/24/17
DOWNGRADE
Target $1.5
RILY
Neutral
Tandem Diabetes downgraded to Neutral from Buy at B. Riley
B. Riley analyst Greg Chodaczek downgraded Tandem Diabetes to Neutral citing a weakening balance sheet. The "weak" equity offering shows a lack of institutional investor demand, the analyst contends. He cut his price target for the shares to $1.50 from $5.
03/30/17
PIPR
03/30/17
INITIATION
Target $1.5
PIPR
Neutral
Tandem Diabetes assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst Matt O'Brien assumed coverage of Tandem Diabetes with a Neutral rating and $1.50 price target.
04/10/17
COWN
04/10/17
DOWNGRADE
COWN
Market Perform
Tandem Diabetes downgraded to Market Perform from Outperform at Cowen

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